Office: Ahead, leasing activity is likely to be flat in an office market facing limited new supply.
Retail: The coronavirus outbreak has impacted customer flows at the Ximen and Zhongxiao retail hubs, although Zhongshan/Nanjing hub has retained popularity.
Industrial Office: Average monthly rental rose 0.9% q-o-q in Xihu and remained stable in Jiuzong and Wende.
Capital Markets: The quarter is usually viewed as the investment off-season, but investment was still off 45% compared with the last quarter and 20% on the same quarter last year.
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